LATONA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LATONA
Largest movements
- Financial fixed assets +€447,965
up €447,965 (+31.0%), from €1.4m to €1.9m
- Current investments +€426,605
up €426,605 (+14.7%), from €2.9m to €3.3m
- Cash +€94,036
up €94,036 (+32.0%), from €293,482 to €387,518
mainly Net result for the year (+€949,751) and Tax, wage and social debts (+€20,000)
- Reserves +€949,751
up €949,751 (+13.2%), from €7.2m to €8.1m
of which Distributable reserves: +€949,751
- Financial income +€1.1m
up €1.1m (+2,004%), from €55,223 to €1.2m
- Financial charges +€58,843
up €58,843 (+51.9%), from €113,449 to €172,292
- Taxes +€11,908
up €11,908 (+111%), from €10,740 to €22,648
- Gross operating margin +€3,398
up €3,398 (+25.1%), from -€13,524 to -€10,126
- Other operating charges -€422
down €422 (-5.8%), from €7,240 to €6,818
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,247,327 | €8,219,173 | +€971,846 | +13.4% |
| Fixed assets | 21/28 | €1,444,030 | €1,891,995 | +€447,965 | +31.0% |
| Financial fixed assets | 28 | €1,444,030 | €1,891,995 | +€447,965 | +31.0% |
| Current assets | 29/58 | €5,803,297 | €6,327,177 | +€523,880 | +9.0% |
| Amounts receivable after more than one year | 29 | €2,599,495 | €2,603,270 | +€3,775 | +0.1% |
| Other amounts receivable | 291 | €2,599,495 | €2,603,270 | +€3,775 | +0.1% |
| Amounts receivable within one year | 40/41 | €2,595 | €1,586 | -€1,008 | -38.9% |
| Trade receivables | 40 | €558 | €0 | -€558 | -100% |
| Other amounts receivable | 41 | €2,036 | €1,586 | -€450 | -22.1% |
| Current investments | 50/53 | €2,903,850 | €3,330,455 | +€426,605 | +14.7% |
| Cash at bank and in hand | 54/58 | €293,482 | €387,518 | +€94,036 | +32.0% |
| Deferred charges and accrued income | 490/1 | €3,876 | €4,348 | +€472 | +12.2% |
| Total equity and liabilities | 10/49 | €7,247,327 | €8,219,173 | +€971,846 | +13.4% |
| Equity | 10/15 | €7,246,820 | €8,196,570 | +€949,751 | +13.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,184,820 | €8,134,570 | +€949,751 | +13.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,178,620 | €8,128,370 | +€949,751 | +13.2% |
| Amounts payable | 17/49 | €507 | €22,602 | +€22,095 | +4,354% |
| Amounts payable within one year | 42/48 | €0 | €20,371 | +€20,371 | |
| Trade debts | 44 | - | €321 | +€321 | |
| Suppliers | 440/4 | - | €321 | +€321 | |
| Advances received on contracts in progress | 46 | - | €49 | +€49 | |
| Taxes, remuneration and social security | 45 | - | €20,000 | +€20,000 | |
| Taxes | 450/3 | - | €20,000 | +€20,000 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €507 | €2,232 | +€1,724 | +340% |
| Other operating charges | 640/8 | €7,240 | €6,818 | -€422 | -5.8% |
| Gross operating margin | 9900 | -€13,524 | -€10,126 | +€3,398 | +25.1% |
| Operating profit (loss) | 9901 | -€20,764 | -€16,944 | +€3,820 | +18.4% |
| Financial income | 75/76B | €55,223 | €1,161,635 | +€1.1m | +2,004% |
| Recurring financial income | 75 | €55,223 | €1,161,635 | +€1.1m | +2,004% |
| Financial charges | 65/66B | €113,449 | €172,292 | +€58,843 | +51.9% |
| Recurring financial charges | 65 | €113,449 | €172,292 | +€58,843 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | -€78,990 | €972,399 | +€1.1m | |
| Income taxes | 67/77 | €10,740 | €22,648 | +€11,908 | +111% |
| Profit (loss) for the period | 9904 | -€89,730 | €949,751 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,730 | €949,751 | +€1.0m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.